Economy - Monday (Investor's Business Daily)

[riky]

Economy - Monday
    (Investor's Business Daily)

 

Investor's Business Daily - The Chicago Fed's National Activity Index rose to -0.78 in March from a downwardly revised -1.28 in Feb. Stronger industrial output offset weakness in employment and housing. The index has been negative since Aug. '07, indicating below-trend growth. Its 3-month average rose to -0.86 last month from -0.92 in Feb. Still, readings below -0.70, after a period of economic expansion, suggest an "increasing likelihood that a recession has begun," the Chicago Fed said.


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